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Re: A deleted message

Friday, 03/23/2018 10:34:40 AM

Friday, March 23, 2018 10:34:40 AM

Post# of 54907
Knowing or not in this case, the options/warrants issued at PRED are not REGISTERED with the US SEC. So, they cannot be traded in any capacity and any CANNOT Be traded IMMEDIATELY. So, this is how non registered warrants/options have to be effectuated:

1) The Holder notifies the Company;
2) Pays for the converted shares in warrants/options per agreement;
3) Company contacts transfer agent who issues shares;
4) Shares are ISSUED 144 restricted with legend;
5) Mandatory hold required under rule 144 plus legal opinion letters;
6) 144 Hold for non-reporting entities is 1-Year; after 1 year holder can apply for 144 removal and will need to provide proof of how shares obtained, in this case warrant/option conversion.

This should clear up the misconception on the NON Existent liquidity of warrant/option conversion at PRED.